I would want to dig a bit deeper on the rent payment not being taxable income to you.  

I would take no draw, no payment what so ever until the house sold.

I believe in rentals to let the tenants make your payment for you.You would tend to have less vacancy in SFH but a vacancy usually hurts your budget.  

This translates into $204K over the life, in addition to the small down payment.  

One of my biggest problems, outside of finding funds for a down payment, is figuring out how to get around occupying the residence for the first year.

Then add ALL costs related to holding the property (utility costs, insurance premiums, property taxes, loan payments, etc.).Concessions: Concessions are what you give back to the buyer at closing.

with finding the many ways i can find and finance my first flip i was curious on a wholesalers POV.I was wondering if wholesalers do deals with flippers who dont have the payment in full CASH but get a loan via a mortgage?

I would think one would need at least 6 months of payments and another 5 to 10k in case you get the tenant from hell.. 

I have a duplex free and clear worth 75k and I have 40k in savings to put down on another duplex or 4 plex however I really don't want to spend my savings because it will leave me thin but I was wondering if I could cash out 50k from my paid off property and use 40k of it for down payments on other properties?

hello everyone,I've recently made two offers on short sales, (they both happened today)as they looked like good deals when i quickly ran the numbers, so i made offers on both as things are going crazy fast here in vegas and i thought it was best to submit an offer then have the option of turning down the deal if it wasn't a good one.after using the rental calculator one cash flows for 90 and the other for 60. and this is without me allowing for cap x on either, the reason for this is that ones a town home and the other is a condo, both with good hoa's, i did allow 5% for repairs which i think is a lot as the condo has just been totally refurbished and the TH was in good condition and I've allowed 1500 for touch ups, so it'll also be like new after I'm finished. my thinking was that this 5% would cover both repairs and cap x as there shouldn't be much in the way of either. is this a terrible idea for me to allow so little for both.i would be waking in with 25k of equity on the TH and thats without my 20% down payment. and with the condo id be getting around 13k.here are the rental calculator results for both-any help would be greatly appreciated!